The Premier League has launched an investigation into the reports surrounding Man City’s alleged financial misconduct.

UEFA , European football ’s governing body, said on Thursday it is looking into “several alleged violations” concerning Financial Fair Play at Manchester City.

That probe came after German magazine Der Spiegel, using material purportedly obtained from the whistleblowing outlet Football Leaks, alleged in November that Man City had set up sponsorship deals to circumvent regulations limiting how much money owners can put into a club.

A ban from UEFA competitions, including the Champions League, is a potential punishment if Manchester City are found guilty of FFP breaches.

Manchester City claim the allegations are “entirely false”, but the Premier League have decided to open their own investigation of the English champions’ financial matters.